Oil Spill Losers: BP, RIG, Offshore Drillers
The rally in shares of BP and Transocean on Thursday fails on Friday as the BP top kill seems an uncertain bid to stop the out of control oil spill in the Gulf of Mexico. Read more on TheStreet.com
Latest Gulf oil spill forecast: Offshore winds could lessen onshore impact
Winds forecast to be blowing offshore, or from the north, through Saturday morning could provide a reprieve in new shoreline impacts from the Gulf of Mexico oil spill caused by the BP Deepwater Horizon disaster, according to the latest National Oceanic and Atmospheric Association forecast map. Read more on Mobile Press-Register
Energy Stocks: Oil drilling stocks drop on offshore ban
Oil drilling companies’ shares fell hard Friday as the prospects for an offshore exploration moratorium hung over the sector in the wake of the Deepwater Horizon disaster in the Gulf of Mexico. Read more on Market Watch
Pro: Should the US cancel plans for offshore drilling?
CLAREMONT, Calif. – Although some progress has been made in recent days, BP is still struggling to stop the oil pouring from the wreck of the Deepwater Horizon. The April 20 explosion that caused the calamity, and tragically killed 11 workers, has spilled at least 6 million gallons of oil – and perhaps five times that amount – into the waters of the Gulf Coast. Read more on Juneau Empire
N.J. officials ask Pres. Obama to reinstate moratorium on off-shore drilling off Atlantic coast
Elizabeth Bordelon/AFP/Getty ImagesIn this image released by the US Coast Guard, response boats work to clean up oil where the Deepwater Horizon oil rig sank on April 22, 2010. The mobile offshore drilling platform was engulfed in flames after an… Read more on The Star-Ledger
Obama Orders Halt in New Offshore Oil Drilling
President Obama said Thursday he is halting or delaying new offshore drilling in the Arctic Ocean, off the Virginia coast, and in new deepwater wells in the Gulf of Mexico. Read more on CQPolitics.com via Yahoo! News
Executive Order– National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Establishment. There is established the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling (the “Commission”). Sec. 2. Membership. (a) The Commission shall be composed of not more than 7 members who shall be … Read more on The White House
petroleonline.unblog.fr NEW ORLEANS – Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21, 2010. A Coast Guard MH-65C Dolphin rescue helicopter and crew document the fire aboard the mobile offshore drilling unit Deepwater Horizon, while searching for survivors April 21, 2010. Multiple Coast Guard helicopters, planes and cutters responded to rescue the Deepwater Horizon’s 126 person crew. US Coast Guard video by Air Station New Orleans ________________________________________________________ washington,file,water,gulf mexico,onshore offshore,ocean,oil,chevron,exxon,mobile,halliburton,weapons,nuclear Video Rating: 0 / 5
Obama Replaces Offshore Agency Faulted in BP Spill (Update5)
The Obama administration replaced the Minerals Management Service, faulted for lax regulation of offshore drilling before the BP Plc spill last month, with three offices to oversee leases, drilling safety and fee collection. Read more on BusinessWeek